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America Movil presents offer for rest of Telekom Austria-Reuters

Wednesday, 14 May 2014 08:00pm EDT 

America Movil SAB de CV:Submits its offer to buy shares of Telekom Austria AG which company or its partner, OIAG, do not already own-Reuters.America Movil European unit said it had offered 7.15 euros per share for the rest of Telekom Austria stock.It did not say how long offer would remain open.Buy-out will cost America Movil up to $2 billion on top of about $1 billion company has already spent on building up its 27 percent stake in Telekom Austria since 2012.